Quote:
Originally Posted by I R DANIEL (Sin
my assurance outranks other's opinions becuase i study business and economics at a university. i dont think most people on this board even go to school.
yes, the US economy as slowed down a bit. but that does not mean that we are headed into a recession or a depression. and the slowdown of the US economy has nothing to do with the price of oil. the US economy has been slowing down for the last 5 years. and yet the price of oil went higher. which would contradict you're opinion on the pricing of oil. (and oil has just recently beginning to drop this week. last week it reached it's peak at about 140).
and what Anheuser-Busch being bought out has nothing to do with the well being of the economy. that was strictly a good business decision. and there are thousands of popular companies in the US that were bought out by foreigners. it's not a bad thing. and it's not a good thing. people selling their business doesn't mean their business failed. and infact, selling one's business is irrelevant in comparison to the health of a country's economy. especially MNE's like Anheuser-Busch who have markets all over the world.
and if we're fucked, then the whole world is fucked. b/c many other countries are experiencing the same exact problems we are.
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Anyone who has a good professor of economics would have taught that many things are not hard and fast rules, but theories and guidelines to see market trends and how the market reacts to itself during times of change. It's not like basic math where 2+2 is always 4.
I'm just saying what others have said, I don't know enough about it to make a super educated decision, but this makes sense to me.
My point wasn't that businesses are being sold off because the business is failing, but simply the economy is collapsing in on itself, and money is about to be extremely devalued. Only the wealthiest 15-30% would have enough money to meet basic needs in the event of a major economic catyclysm of the American dollar. The trends are the same as they were before the Great Depression, and if you don't know that, you need to go to a different school for your degree.
BTW, I'm returning to school for my master's, and schooling doesn't guarantee intelligence either.
Also, what do you do with the fact that the government has said we owe over 450K a household because of their bullshit?
EDIT:
Here's something from Reuters you should read.